https://www.live-feeds.com/feed/japan-spent-record-98-7-billion-to-prop-up-yen-in-joint-move-with-u-sContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/japan-spent-record-98-7-billion-to-prop-up-yen-in-joint-move-with-u-shttps://www.live-feeds.com/feed/japan-spent-record-98-7-billion-to-prop-up-yen-in-joint-move-with-u-s#u52612Mon, 31 Aug 2026 01:46:58 +0000Japan spent a record $98.7 billion to support the yen in a joint move with the US. The intervention, confirmed by Japan's Finance Ministry, was the largest in history. The yen has been under pressure due to the US dollar's strength, and the intervention aims to stabilize the currency. The move is seen as a significant step to address the yen's decline.Why it mattersThe yen's decline has significant implications for Japan's economy, as it increases the cost of imports and could lead to higher inflation. The US-Japan joint action is seen as a rare instance of cooperation